The Florida legislature met in a particular session this week to go legal guidelines that can appropriate the most recent insurance coverage disaster in Florida. Insurance coverage charges are skyrocketing, insurers are going broke, and Florida insurers are usually not absolutely paying claims—some are usually not doing so as a result of they’re going broke and robbing Peter to pay Paul.
Considered one of our regulation agency’s lobbyists famous that even a Florida Senate chief who’s an insurance coverage agent mentioned that the legal guidelines being handed wouldn’t cut back charges within the brief time period. I’m attaching the Home Workers Evaluation, the Senate Workers Evaluation, and the engrossed invoice for many who want to learn the impression of the legal guidelines and the precise laws.
Most of my effort was spent opposing the insurance coverage trade’s try to make main adjustments to Florida’s good religion civil treatment regulation. The insurance coverage trade wished to intestine legal guidelines designed to guard policyholders from the insurers who wrongfully underpay, delay, and deny claims. They had been utilizing the newest “disaster” as an excuse to alter these legal guidelines which might maintain these wrongdoers accountable. “Dangerous Religion Reform” actually means—“let insurance coverage corporations not be held accountable after they refuse to totally and promptly pay.”
United Policyholder Govt Director Amy Bach expressed concern about adjustments within the legal guidelines in a telephone name I had together with her. However she additionally expressed issues about advertising practices to policyholders by some contractors, which promote insurance coverage claims which ought to by no means be introduced. Among the new laws addressed these advertising issues. I’ve a number of respect for Amy Bach as a result of she is solely centered on the policyholder’s curiosity.
Jeff Porter and the Florida Justice Affiliation (FJA) deserve an enormous shout-out. The FJA is the main thorn within the facet of the Florida insurance coverage foyer and the strongest voice for Florida’s customers. With out their fixed vigilance, many legal guidelines dangerous to insurance coverage customers would merely be rubber-stamped as a result of there isn’t any different voice in Tallahassee standing as much as the tons of of insurance coverage firm lobbyists. I’m proud to be an Eagle Member of the FJA and am amazed on the work Porter and his passionate workforce do to help policyholder pursuits.
The numerous backside line on the laws is that insurance coverage contractors with AOBs are usually not going to get their legal professional’s charges paid beneath Florida’s legal professional charge statute. Policyholders could have a harder time discovering attorneys to take their extra advanced and smaller instances. There may be an added requirement making the policyholder show that the insurance coverage firm breached the insurance coverage contract when bringing an unfair claims follow lawsuit. And the laws won’t lead to charges taking place.
Thought For The Day
When shopping for and promoting are managed by laws, the primary issues to be purchased and bought are legislators.
—P. J. O’Rourke